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The mortgage industry is constantly changing, and fortunately it is for the better. As lenders become more experienced with what types of loans work best for borrowers they also gain insight about what types of loans will provide them with the best return and reduced risk. The whole system works best when everyone wins. No one ever wants to see another foreclosure crisis, it was bad for our country and everyone is working very hard to see that it never happens again.

Purchase Mortgage Loans

The American Dream is to own your own home, and mortgage professionals are doing everything we can to see as many people as possible have that dream come true.Purchase Home Loans

There has been an influx of new mortgage products between 2014-2019, which provide financing solutions to a variety of non-prime mortgage borrowers.  This includes options for people with bad credit , as well as those that need to use alternative documentation for income (specifically using bank statements instead of tax returns).  These alternative documentation loans (similar to “ stated income mortgages “) are very beneficial for Americans who are self-employed.

While not quite the same loan programs that existed in the early 2000’s, these new non-prime mortgages accommodate many deserving borrowers who simply do not qualify for conventional mortgage loan products.

The types of loan programs vary greatly.  Depending on your location and what your needs are, we will help match you with the best lender (or lenders).  As far as what can be expected, nearly all loans will require at least a 3% down payment, but most will require a 10-20% for anyone who has had recent credit issues, lower credit scores (500-620), and those that need to use alternative income documentation.

To see what lenders will offer you, click here to get free mortgage quotes .

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